Xinhua Financial Network, a news agency part-owned by the Chinese government, bought US financial news service Market News International. The deal is the first acquisition of a sizable Western news service by a China-related company and came as Chinese Premier Wen Jiabao was in Washington to meet President Bush. New Yorkbased Market News is a niche news service with 5,000 subscribers. Hong Kong-based Xinhua Finance, founded by US investors led by CEO Fredy Bush, has Chinese state news agency Xinhua as its largest single investor. Terms of the deal were not disclosed.